Civista Bancshares, Inc. (CIVB) To Go Ex-Dividend on November 4th

Civista Bancshares, Inc. (NASDAQ:CIVB) announced a quarterly dividend on Tuesday, October 21st. Investors of record on Tuesday, November 4th will be given a dividend of 0.17 per share by the bank on Tuesday, November 18th. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Tuesday, November 4th.

Civista Bancshares has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Civista Bancshares has a payout ratio of 23.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Civista Bancshares to earn $2.60 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 26.2%.

Civista Bancshares Stock Down 0.0%

CIVB stock opened at $21.53 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.35. The business’s 50-day simple moving average is $20.91 and its 200 day simple moving average is $21.51. The company has a market cap of $415.81 million, a PE ratio of 8.03 and a beta of 0.73. Civista Bancshares has a twelve month low of $17.47 and a twelve month high of $25.59.

Civista Bancshares (NASDAQ:CIVB) last released its quarterly earnings data on Thursday, October 23rd. The bank reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. The company had revenue of ($123.87) million for the quarter, compared to the consensus estimate of $43.63 million. Civista Bancshares had a return on equity of 10.86% and a net margin of 17.42%. On average, research analysts anticipate that Civista Bancshares will post 2.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CIVB. DA Davidson began coverage on shares of Civista Bancshares in a research report on Monday, October 27th. They issued a “buy” rating and a $26.00 price objective for the company. Hovde Group cut shares of Civista Bancshares from an “outperform” rating to a “market perform” rating and set a $22.00 price objective for the company. in a research report on Monday, August 18th. Stephens dropped their price objective on shares of Civista Bancshares from $27.00 to $24.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 29th. Keefe, Bruyette & Woods increased their price target on Civista Bancshares from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Finally, Zacks Research upgraded Civista Bancshares from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $24.60.

About Civista Bancshares

Civista Bancshares, Inc operates as the financial holding company for Civista Bank that provides community banking services. It collects a range of customer deposits; and offers commercial and agriculture, commercial and residential real estate, farm real estate, real estate construction, consumer, and other loans, as well as letters of credit.